Property Details for 558 Hartley St

Year built

2016

Lot size

1.00 lot acres

Property size

7,500 SF

Property type

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 7,500 square foot Dollar General convenience store in McKenzie, Alabama. The property, built in 2016, sits on a one-acre lot at a high-traffic intersection of Hartley Street and US Hwy 55, a major north-south corridor connecting Interstate 65 to Florida's Emerald Coast, experiencing approximately 5,000 vehicles per day. The property benefits from a strong, absolute triple-net (NNN) lease with Dollar General, one of the nation's largest discount retailers, with a market capitalization exceeding $50 billion and an investment-grade credit rating. The current lease, commencing October 31, 2015, and expiring October 30, 2030, has a remaining term of approximately 5.9 years, with five, five-year renewal options including rent escalators. The tenant is responsible for all operating expenses, including property taxes, insurance, and common area maintenance. The asking price is $810,667, representing a price per square foot of $108.09 and a 7.65% capitalization rate based on a net operating income (NOI) of $62,016. This location enjoys a lack of direct competition, making it a highly desirable investment with a stable income stream and significant long-term potential. The property offers a compelling combination of a strong tenant, favorable lease terms, and a prime location.

Location Insight

City

McKenzie

County

Butler

State

Alabama

Longitude

-86.7202008

Latitude

31.5312179